# Brose Sitech acquires stake in Covercar

Seat manufacturer Brose Sitech acquired a stake in the southern European company Covercar, preparing for the launch of the Volkswagen ID.1 electric car to be built in Portugal or Spain.

- Type: Acquisition
- Announced: 2025-03-01
- Status: announced
- Products: seat covers, automotive seating
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Brose Sitech](https://endata.com/companies/15415.md) (acquirer)
- [Covercar](https://endata.com/companies/83246.md) (target)

## Sources

- [braunschweiger-zeitung.de](https://www.braunschweiger-zeitung.de/niedersachsen/wolfsburg/article408419657/vw-partner-brose-sitech-wappnet-sich-fuer-anlauf-des-id1.html), 2025-03-01: "Der Sitzhersteller kauft sich beim südeuropäischen Unternehmen Covercar ein."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.